OSI Systems, Inc. $OSIS Shares Bought by Clark Capital Management Group Inc.

Clark Capital Management Group Inc. increased its position in shares of OSI Systems, Inc. (NASDAQ:OSIS) by 3.3% in the 3rd quarter, Holdings Channel reports. The firm owned 259,451 shares of the technology company’s stock after purchasing an additional 8,401 shares during the period. Clark Capital Management Group Inc.’s holdings in OSI Systems were worth $64,666,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in OSIS. Mawer Investment Management Ltd. boosted its stake in OSI Systems by 67.0% during the 3rd quarter. Mawer Investment Management Ltd. now owns 856,383 shares of the technology company’s stock worth $213,445,000 after purchasing an additional 343,727 shares during the last quarter. Geode Capital Management LLC raised its position in shares of OSI Systems by 0.6% in the second quarter. Geode Capital Management LLC now owns 381,128 shares of the technology company’s stock valued at $85,711,000 after buying an additional 2,419 shares during the last quarter. Hood River Capital Management LLC raised its position in shares of OSI Systems by 1.0% in the second quarter. Hood River Capital Management LLC now owns 377,061 shares of the technology company’s stock valued at $84,786,000 after buying an additional 3,903 shares during the last quarter. Invesco Ltd. lifted its stake in shares of OSI Systems by 29.6% in the second quarter. Invesco Ltd. now owns 319,258 shares of the technology company’s stock worth $71,788,000 after buying an additional 73,004 shares in the last quarter. Finally, UBS Group AG boosted its position in OSI Systems by 63.8% during the third quarter. UBS Group AG now owns 316,334 shares of the technology company’s stock worth $78,843,000 after acquiring an additional 123,212 shares during the last quarter. 89.21% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Deepak Chopra sold 20,000 shares of the stock in a transaction that occurred on Monday, February 2nd. The stock was sold at an average price of $250.91, for a total value of $5,018,200.00. Following the completion of the transaction, the director directly owned 273,044 shares in the company, valued at approximately $68,509,470.04. This represents a 6.82% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 4.30% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on OSIS shares. B. Riley Financial upped their price objective on shares of OSI Systems from $300.00 to $320.00 and gave the company a “buy” rating in a research note on Friday, January 30th. UBS Group set a $292.00 target price on OSI Systems in a report on Monday, December 1st. Weiss Ratings upgraded OSI Systems from a “buy (b)” rating to a “buy (a-)” rating in a research report on Wednesday. JPMorgan Chase & Co. increased their price target on OSI Systems from $255.00 to $262.00 and gave the company a “neutral” rating in a report on Monday, February 2nd. Finally, Roth Mkm boosted their price objective on OSI Systems from $292.00 to $295.00 and gave the stock a “buy” rating in a research note on Friday, January 30th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $282.00.

OSI Systems Price Performance

Shares of OSIS stock opened at $270.92 on Friday. The company has a debt-to-equity ratio of 1.18, a current ratio of 3.15 and a quick ratio of 2.31. The company has a market capitalization of $4.46 billion, a PE ratio of 30.68, a price-to-earnings-growth ratio of 2.21 and a beta of 1.32. The firm’s 50-day moving average is $277.14 and its two-hundred day moving average is $262.20. OSI Systems, Inc. has a 12 month low of $164.07 and a 12 month high of $306.12.

OSI Systems (NASDAQ:OSIS) last posted its quarterly earnings results on Thursday, January 29th. The technology company reported $2.58 earnings per share for the quarter, beating the consensus estimate of $2.52 by $0.06. The business had revenue of $464.06 million during the quarter, compared to analysts’ expectations of $449.51 million. OSI Systems had a net margin of 8.52% and a return on equity of 18.58%. The business’s revenue for the quarter was up 10.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.42 EPS. Analysts predict that OSI Systems, Inc. will post 9.22 earnings per share for the current year.

OSI Systems Profile

OSI Systems, Inc (NASDAQ: OSIS) is a publicly traded technology company founded in 1987 and headquartered in Hawthorne, California. The company designs, develops and manufactures advanced security and inspection systems, optoelectronic devices and medical imaging equipment. Over its history, OSI Systems has grown its product offerings through internal research and development as well as strategic acquisitions, expanding its capabilities in mission-critical sensing and inspection technologies.

OSI Systems operates three primary business segments.